SKF India Ltd

SKF India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SKF India Ltd

₹ 4,651 1.11%
01 Dec 11:10 a.m.
skfindia.com BSE: 500472 NSE : SKFINDIA
About

SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.[1]

Key Points

Product Portfolio
The company's product portfolio primarily consists of bearings, seals and lubrication systems. It develops solutions for its customers across automotive and industrial sectors through its 5 technology-centric platforms i.e. bearings and units, seals, mechatronics, lubrication solutions and services. [1]

Website BSE NSE
  • Market Cap ₹ 22,995 Cr.
  • Current Price ₹ 4,651
  • High / Low ₹ 5,535 / 3,960
  • Stock P/E 47.5
  • Book Value ₹ 483
  • Dividend Yield 0.86 %
  • ROCE 34.5 %
  • ROE 24.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 26.6%

Cons

  • Stock is trading at 9.64 times its book value
  • The company has delivered a poor sales growth of 9.37% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Bearings Industry: Bearings

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
703 819 848 694 966 967 1,039 1,055 1,078 1,077 1,095 1,150 1,125
611 638 699 580 807 844 880 871 864 893 928 947 1,004
Operating Profit 92 180 148 114 160 123 159 184 215 184 167 203 121
OPM % 13% 22% 17% 16% 17% 13% 15% 17% 20% 17% 15% 18% 11%
8 9 5 6 9 16 2 9 10 13 20 23 20
Interest 1 0 0 0 1 0 1 0 0 0 0 0 0
Depreciation 15 15 14 14 12 16 15 16 17 17 17 18 19
Profit before tax 84 174 139 106 156 123 146 176 208 180 170 208 122
Tax % 23% 26% 24% 25% 25% 28% 25% 27% 25% 35% 28% 26% 26%
65 128 105 79 118 89 109 129 156 116 123 155 90
EPS in Rs 13.15 25.91 21.21 16.00 23.80 17.98 22.14 26.13 31.54 23.56 24.85 31.26 18.25
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,435 2,228 2,275 2,414 2,997 2,631 2,750 3,035 2,842 2,671 3,666 4,305 4,447
2,136 1,969 2,014 2,132 2,636 2,295 2,316 2,549 2,492 2,251 3,110 3,556 3,771
Operating Profit 298 258 261 281 362 336 435 486 349 420 556 749 675
OPM % 12% 12% 11% 12% 12% 13% 16% 16% 12% 16% 15% 17% 15%
54 68 41 79 101 87 71 92 104 36 35 52 76
Interest 0 0 0 0 0 0 5 8 9 2 2 2 1
Depreciation 39 44 49 54 68 48 46 46 57 58 57 67 71
Profit before tax 314 283 253 306 394 376 455 524 387 396 531 733 679
Tax % 34% 33% 34% 34% 35% 35% 35% 36% 25% 25% 26% 28%
208 190 167 203 256 244 296 336 289 298 395 525 484
EPS in Rs 39.54 36.05 31.62 38.45 48.53 46.25 57.64 67.92 58.46 60.22 79.92 106.15 97.92
Dividend Payout % 19% 21% 24% 26% 31% 22% 21% 18% 222% 24% 18% 38%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 15%
TTM: 7%
Compounded Profit Growth
10 Years: 11%
5 Years: 12%
3 Years: 26%
TTM: 0%
Stock Price CAGR
10 Years: 22%
5 Years: 19%
3 Years: 43%
1 Year: -5%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 22%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 53 53 53 53 53 53 51 49 49 49 49 49 49
Reserves 959 1,103 1,223 1,363 1,612 1,758 1,786 1,648 1,856 1,514 1,836 2,292 2,339
0 0 0 0 65 34 85 90 22 18 16 14 15
496 444 420 495 419 459 522 510 542 721 713 822 829
Total Liabilities 1,508 1,599 1,695 1,911 2,149 2,304 2,444 2,297 2,469 2,303 2,615 3,178 3,232
318 348 376 347 298 299 293 284 352 345 402 424 485
CWIP 36 59 25 18 12 35 37 62 41 65 52 63 48
Investments 0 0 0 20 19 149 154 44 197 2 2 2 7
1,153 1,192 1,294 1,526 1,820 1,821 1,960 1,906 1,879 1,890 2,158 2,688 2,692
Total Assets 1,508 1,599 1,695 1,911 2,149 2,304 2,444 2,297 2,469 2,303 2,615 3,178 3,232

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
152 199 122 218 26 115 367 181 330 324 57 690
-52 -101 -165 -3 -174 147 -265 306 -154 654 -33 -45
-44 -46 -46 -93 49 -126 -225 -477 -178 -652 -78 -79
Net Cash Flow 56 52 -89 122 -99 136 -123 11 -2 326 -53 567

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 56 52 53 56 59 71 65 63 56 80 68 58
Inventory Days 65 63 65 71 65 94 92 95 92 109 110 98
Days Payable 74 68 64 82 57 68 89 72 84 135 83 86
Cash Conversion Cycle 47 47 54 46 67 97 68 86 64 54 96 69
Working Capital Days 34 37 44 44 64 90 67 71 66 61 87 59
ROCE % 34% 26% 23% 23% 25% 21% 24% 28% 19% 23% 31% 34%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58%
6.53% 5.31% 5.11% 6.45% 6.37% 6.33% 6.47% 6.36% 6.48% 6.51% 6.42% 6.46%
28.11% 29.20% 27.90% 28.73% 28.54% 28.26% 28.56% 29.02% 28.97% 29.09% 29.37% 29.20%
12.79% 12.92% 14.42% 12.24% 12.52% 12.84% 12.39% 12.05% 11.98% 11.81% 11.66% 11.77%
No. of Shareholders 33,18031,41130,83931,42437,30241,00940,45644,61045,53443,09842,35942,377

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Concalls